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Robert Ripps book
History of Tribeca Buildings
Tribeca Pharmacy building has been sold
The Tribeca Pharmacy building, known as 17-23 Avenue of the Americas, or 1-5 Walker, or 249-253 West Broadway, was sold in January for $18 million to an LLC called Walker Property. (It was the upcoming move for Anotheroom that made me check the city records, since I had not done an update since last September.)
The Real Deal had more info: the building will be called 1 Walker and will be a “10-story, 125-foot luxury condo complex, according to a source familiar with the deal. The firm is also pursuing additional air rights at the site,” the story said. The developers are Sumaida + Khurana: they were the construction managers for 157 Hudson, the landmark brick building on Collister; they co-developed Soori High Line on West 29th; and they are developing a new building at 152 Elizabeth designed by Japanese architect Tadao Ando.
The building was one of the many owned by Peter Matera — he lived there as well — who died in 2023, leaving his estate with a Tribeca real estate portfolio originally amassed over decades by his father. Many of the buildings have been sold off already; this one has a lot of potential.
Tribeca Pharmacy closed in January 2024, but the building still includes Tribeca Park Deli, Anotheroom and some offices, but the folks I know personally in that building have already moved.
The plot is sort of a trapezoid (parallelogram?) running 56 feet along West Broadway, 100 feet between West Broadway and Sixth along the southern side of the property, 67 feet along Sixth Avenue, then 64 feet across Walker. It is in a C6-2A zoning district, which allows for a floor area ratio is 6.0 (the square footage of the building can only be six times the plot size), and there is a height cap — though that is also determined by the plot and the FAR.
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The site is going to be high end condos. They have sent out the materials already. It will be called “1 Walker”
Thanks! Somehow missed that.
This parcel lies outside the LPC historic district, which gives the developer more speed and flexibility.
Sad they are tearing it down, cool mid century building. They will probably put in its place an unremarkable glass monstrosity.
My father once fixed loudspeakers and did musical electronics repairs in and out of the storefront at 3 Walker Street in the mid-1960’s. The Matera family were great landlords. I have memories of roadies (Mitch Ryder & the Detroit Wheels) pulling up at the curb and my dad fixing their gear out on the sidewalk. Tribeca was not always full of luxury residential tenants. Where was Magoo’s?
I’ve always been fascinated by this building, and thought the top floor apartment was intriguing with all its exterior balcony decks and that circular central section. Shame that it will be gone.
Just what the neighborhood needs, along with 139 Franklin — more “luxury” apartments.
The Pharmacy was Magoo’s back in the day. The walls were festooned with works by local artists – traded for bar tabs. It
was said that the upstairs was a bordello.
It is just shameful that so many of our unique little buildings are
toppling to greed.
I am very very sad to see this one go! I too loved the exterior balcony decks and circular central section. It’s a shame…
So any update from the petition about the counterfeit bazaar?
Or any more follow up from Christopher Marte? Don’t think so.
Clearly quality of life issues in this part of the city means nothing to all the millionaires and billionaires, maybe because they are never on the sidewalk?
trapezoid
There should be a basement level corner cutting MTA easement here in case there’s ever a 10th/Hudson subway that could run a service onto the 8th Ave Line and deep into Brooklyn.
Of course there won’t be because the MTA is asleep at the wheel and long term vision planning /provisions is a foreign concept to them.